Recent content by thunderbolt

see this link. http://www.firb.gov.au/content/monetary_thresholds/monetary_thresholds.asp If it is commercial and not heritage listed does not need any approvals up to $55 Million. Looks like you would be fine to go ahead and negotiate. cheers Tbolt

Thanks everyone for all the responses, I have decided to stay with which bank for now and leave the guarantee in place. Parents have plans to sell the property securing it, but not for another 12 months or so, will see what happens then, I would like to stay with them due to family connections...

Thanks for that Rolf, I have a memory seeing some ads for 90%, but couldn't remember who was offering it. It is for a refinance, purchased in 2008 with a guarantee from parents, house now rented and I want to remove the guarantee, which bank wants 5k in LMI, definatley a deal-breaker so am...

Hi all, Long time lurker needing some help. Does anyone know if any lenders at the moment are lending to more than 80%LVR without LMI? Everyone I have looked at will do the 90% , no problems, but the LMI is ridiculous. Qualifying is not an issue, just looking at options to reduce the costs...

Hi everyone, long time lurker , just wanted to clarify this one. I think SYDB is confusing the bank's policy with the valuation process. What has been said is that the bank will commission a valuation and that valuation will now come back at auction price. The bank does not accept auction...